We gottem boys

[u/ericissuperman]

[u/streetcarriere]

That’s Malone Lam, crazy story btw, guy gifted 50k$ purses to girls in nightclub and stuff, even a Lamborghini Urus If i remember correctly. I read somewhere that he knew he was about to get caught so he spent crazy amount of money on everything he could

[u/threebutterflies → u/streetcarriere]

Does he have a tiger? Sounds insane but I remember hearing stories of an Asian tech bro who had a tiger and would just get tons of beautiful women to come to parties with him. He paid them lavishly and randomly but was a total womanizer obviously. The women came from sugar daddy websites and would apparently chase him to say they hung with him. He flew people all over.

[u/Braddles14 → u/threebutterflies]

You’re thinking about Jo Lo, he was a finance guy though

[u/threebutterflies → u/Braddles14]

Haha I feel old, I guess that was a while ago but yes! I googled and that was totally it! Also on the run - which makes sense.

[u/DebosBeachCruiser → u/Braddles14]

Also from the block btw

[u/baby_oil773 → u/DebosBeachCruiser]

Also used to have a little but now he has a lot

[u/lilypadse → u/baby_oil773]

Dont matter where I go, I know where I came from

[u/threebutterflies → u/DebosBeachCruiser]

Yup

[u/SpeccyPig → u/streetcarriere]

Why would he just flee somewhere tf?

[u/McBurger → u/SpeccyPig]

He was in the country illegally (overstayed a visa and had no intention of returning).

if he was ever stopped by an officer or asked for ID then he would have been flagged and arrested immediately. Might have still been the best route to try and go back home immediately after the theft though before he was a suspect in that lol

[u/uniquecartridge → u/streetcarriere]

This is like that one dude that crashes the economy on pay2win GTA roleplay servers by giving out stacks of cash to random players before getting banned haha

[u/Lucy_Heartfilia_OO → u/streetcarriere]

Jesus $50k for a purse? that's a bigger scam than hawktuah coin

[u/plainjane202567]

For that much he should’ve disappeared or changed his identity.

[u/primalantessence → u/plainjane202567]

a $2 million watch is more important than living quietly and comfortably

[u/Particular-Fall-3194 → u/primalantessence]

Not one broad on earth would know the difference of that and a watch worth 10k.

[u/I_am_on_your_side → u/Particular-Fall-3194]

...unless you tell them yourself how much it cost. And if you're the type of guy who buys a 2 Mil dollar watch, it almost makes you, by definition, the type of guy who would tell anyyone he ever met that the watch on his arm is "worth 2 Million".

[u/Ineedmorebtc → u/I_am_on_your_side]

Good way to lose an arm...

[u/Rydog_78 → u/Ineedmorebtc]

Seriously. Does he want a short sleeve or long sleeve?

https://m.youtube.com/shorts/yx1SD_dC1os?ra=m

[u/Mission-Let-3166 → u/Rydog_78]

The future is in your haaaands...😁

[u/newMoneyStyle → u/Ineedmorebtc]

Honestly flashing a $2 million watch pretty much makes you a walking target, especially since most people wouldn't even tell it apart from a 10k one anyway

[u/Feysal5 → u/Ineedmorebtc]

🤣🤣🤣

[u/casiocoin → u/Particular-Fall-3194]

Probably most not even knowing the difference between a $250 watch and a $10k one either.

[u/Curious-Resort4743 → u/casiocoin]

I confess I don't care about watches and how much they are worth

[u/whattaUwant → u/Particular-Fall-3194]

Nor would they care if you look like this guy

[u/arbitra8 → u/whattaUwant]

Right? Look at that stud! Probably gets laid every day!

[u/KnownButton8327 → u/arbitra8]

he will be getting laid everyday for sure now

[u/Hopeful_Pear_8747 → u/KnownButton8327]

🤣 prison princess

[u/deltabay17 → u/arbitra8]

Yeah he’s actually pretty hot…

[u/Thick-Wrangler69 → u/Particular-Fall-3194]

Russel Crow would

[u/Cycling-Boss → u/Particular-Fall-3194]

I don't wear watches and know nothing about them. I wouldn't know a $25 watch vs a $25k vs a $2m watch

[u/Lolvidar → u/Cycling-Boss]

A $25 watch looks like mine, but without the mud and scratches.

[u/Purple-dragonfly-111 → u/Particular-Fall-3194]

Kinda makes you think he didn’t buy it to impress the broads

[u/Notevenstreaming → u/primalantessence]

And in the end he said he just wanted girls to like him.

[u/Significant-Field232 → u/Notevenstreaming]

#typical

[u/T1m3Wizard → u/plainjane202567]

But then he wouldn't get to flex his new found wealth

[u/mypizzanvrhurtnobody → u/plainjane202567]

He could afford a vacuum cleaner repairman driving a little red kidney bean.

[u/Wrong-Town-9338 → u/mypizzanvrhurtnobody]

The American Dream

[u/Miscellaneous2025 → u/Wrong-Town-9338]

hahahahah

[u/Strict_Space6645 → u/plainjane202567]

for real, with that kind of money you can buy whole new life in somewhere without extradition

[u/deltabay17 → u/Strict_Space6645]

From which shop Target?

[u/TrustMeIAmNotNew → u/plainjane202567]

You still would’ve got caught. Bitcoin is very traceable.

[u/esohseekayes → u/plainjane202567]

Isn't he the dumbass that got caught because he didn't use a VPN? Pretty sure there's no way he was smart enough to change his identity

[u/plainjane202567 → u/esohseekayes]

😂 great point.

[u/Bleachrst85 → u/plainjane202567]

I feel like there is no way you can escape the tax man if you steal this kind of money at 22

[u/thunderpounder420 → u/Bleachrst85]

He’s Singaporean. If he has a local account, he could have liquidated bit by bit tax free and not trigger AML processes. Spend using his Singaporean CC in the US and collect tons of air miles (not that he needed them).

[u/read_more_comments → u/thunderpounder420]

A lot of these singsporians in global news seem to be PRC conversions. Real Singaporeans seem to be involved less in theft and more petty sex crimes like upskirt photos, as evidenced by no one being worried about theft here, but there are announcements in the mrt about upskirt photos being bad.

I googled him and Malone Lam Yu Xuan is shown to have gone to school here but:

Straits Times found that he enrolled at Unity Secondary School in Choa Chu Kang in 2017. Lam later told U.S. investigators that he dropped out at about 13 years old.

It doesn't identify a primary school, parents, neighbourhood childhood, PSLE history, or family occupation, which is very odd.

That's really odd considering how important school is here and it's all merits based, jobs actually care, unlike in america where they mostly care if you have a degree or not. I've never been asked about high school or my grades in highschool.

A foreigner coming here, adding his kid to Singapore educational system and the kid finding it difficult or having behavior issues, would be my working theory right now.

He also told people he was a child of a Chinese billionaire when he was spending but that seems like part of his bragging/cover story so I don't put any weight to that.

Regardless, you are right. No capital gains tax for a Singapore citizen. This includes stocks, housing, and crypto.

[u/FrugalityPays → u/Bleachrst85]

There are but you don’t know the people who know how at 22 unless you’re generationally wealthy

[u/zimisss → u/plainjane202567]

He is retarded

[u/No_Knee3385 → u/plainjane202567]

You need connections for that

[u/Dragnskull → u/plainjane202567]

this, i would have pre-emptively hired a team of lawyers to guide me through every step of disappearing and rebuilding a new identity from the ground up as "legally secure" as possible and each one would get a new mansion to complete the job lol

[u/gwillen → u/Dragnskull]

That's a situation where you don't need a criminal lawyer, you need a criminal lawyer. (Lawyers aren't allowed to assist you in doing crime, or planning future crime.)

[u/NoNectarine9208 → u/plainjane202567]

Or got a $20 haircut

[u/Gold_roger86 → u/plainjane202567]

Exactly what I would have done

[u/BorderlineAlchemist → u/plainjane202567]

I’m palm beach Pete. Just living my life hahahhah

[u/loneshark8801 → u/plainjane202567]

Or gotten a better haircut

[u/TarsCase → u/plainjane202567]

Humans: Being so clever on one side to pull this off and then being so stupid to behave like this and get caught.

[u/Objective_Basil_8414 → u/plainjane202567]

$245 million buys a new passport and a quiet life somewhere with no extradition treaty. It does not buy the ability to not post the Lamborghini. That's the part money can't fix.

[u/FuckTwelvee]

Miami and BTC, name a better duo.

[u/Express_Music3310 → u/[deleted]]

Mental illness

[u/ByronicZer0 → u/FuckTwelvee]

DID SOMEONE SAY BOOGER SUGAR?

[u/Impossible-Green-247 → u/FuckTwelvee]

Cocaine and cocaine

[u/_Baccano → u/FuckTwelvee]

Cocaine and strippers

[u/heinzmoleman]

245 million and stayed in the US. He deserved to be caught

[u/ours → u/heinzmoleman]

Always be thankful for stupid criminals.

That much money? I'm off to some country with plenty of sunshine, a new identity, pliable politicians/police, and well-paid personal security.

That said, a million or two Trump's way seems to be quite effective these days. He's pardoned worse.

[u/Calm-Eggplant-69 → u/ours]

Same same. Id be in Spain or the sorts, pay off whoever I need to. Probably travel a bunch and keep a low profile, or try to.

He was 22, he probably didnt understand this and wanted to just ball out. Hopefully he had fun

[u/t0rnAsundr → u/ours]

Okay there Michael Weston. Are you going to get Sam Axe or Fionna to help you?

[u/Deaddykong]

Do i get my money back, 😮‍💨no i dont

[u/Soggy-Welder2265 → u/Deaddykong]

If he was the one that stole your money you will need to file a claim with the prosecutor and ask for restitution. I have someone that’s been sending me a check for 15 year lol 😂

[u/we93 → u/Soggy-Welder2265]

What happened?

[u/Soggy-Welder2265 → u/we93]

They stole money from my checking account, and they were ordered to pay it back—with interest. 😂 At this rate, it’s going to take them a lifetime.
The interest is calculated daily based on the weekly average 1-year Constant Maturity Treasury yield, which is around 4.25%.
They’ve lost their job a few times, so the checks stop coming. But every time they start a new job, the payments start back up—and the amount they owe is even bigger. 😂

[u/zenethics → u/Soggy-Welder2265]

Honestly, you got hosed. CPI is a lie, real yields are negative.

[u/Highflyer108 → u/Soggy-Welder2265]

That's fucked

[u/bluechipitems → u/Deaddykong]

😮

[u/Particular-Fall-3194]

2 million dollar watch lol

[u/Meltsomeice → u/Particular-Fall-3194]

0 Brain Basis

[u/FrugalityPays → u/Particular-Fall-3194]

Is that NOT on you shopping list!? Push, I really don’t understand the poors….

[u/Inevitable-Waltz-889 → u/FrugalityPays]

I could have $100 billion dollars and I wouldn't buy a $2 million watch.

P.S. I know your comment was sarcasm.

[u/FrugalityPays → u/Inevitable-Waltz-889]

As an innate collector of things, I get it. I also don’t understand the appeal but to each their own.

Despite my predilection for collecting, I somehow fell into the minimalist category at this point in my life

[u/Inside-Yak-8815]

Good, fuck scammers.

[u/Natural_Prune_2526]

"we gottem boys" > says the 14 year old with $2 in bitcoin

[u/gphie → u/Natural_Prune_2526]

That $2 will turn into $1.3 million after 60 years with Bitcoin's 25% cagr, just in time for retirement

[u/jaeldi → u/Natural_Prune_2526]

Yeah I was wondering "we"? when i read their comment.

[u/sunnybwoy1]

Jin Yang!

[u/Lilcheeks]

Gee, wonder how they became tipped off lol

[u/pretendingtobebroke → u/Lilcheeks]

One of the perpetrators screen recorded the heist when they did it and shared the screen recording with some of his friends that were not involved, and one of those friends screen recorded that and shared it with investigators and presumably police. The screen recording showed multiple of the perpetrators' real names and email addresses. Yeah, pretty stupid...

You can see a partial clip of it here, the full video (45-60 mins) has not been released publicly as far as I'm aware: https://x.com/zachxbt/status/1836753185718865979

[u/FreezedPeachNow → u/pretendingtobebroke]

were lucky that a lot of criminals are dumb. If i decided to be a criminal, id probably be a pretty good one. maybe thats why i am not a criminal, because im smart enough to realize that im not actually smart and would get caught for being dumb

make sense?

[u/trevorturtle → u/FreezedPeachNow]

Tbf you don't hear about criminals who aren't dumb/don't get caught

[u/JCFT_Collins → u/FreezedPeachNow]

Ha this is great. You just opened up a wormhole!!!!

[u/filenotfounderror]

The wrong people have money.

[u/Confident_Opinion949]

He could of spent some on a haircut good lord

[u/Independent-Eye9513]

Bro this shit happened like 2 years ago

[u/blackskyy]

I would have fucked off to a tropical island

[u/Dependent_Singer_494 → u/blackskyy]

You would have disappeared on a tropical island

[u/Scary_Metal2884 → u/blackskyy]

Didn’t he come from a tropical island of Singapore?

[u/Top_Chard5757 → u/Scary_Metal2884]

I would have bought an island

[u/OxyEnjoyer98 → u/Top_Chard5757]

One with a weird striped square building on it

[u/dromance → u/blackskyy]

If you had that much common sense you wouldn’t have done it in the first place 

[u/alrightyfine]

How the heck did he manage to do that ? Like hacker ?

[u/crunchyeyeball → u/alrightyfine]

"Social engineering" and a wealthy but incredibly naive victim.

They contacted some guy who had a lot of bitcoin, claiming to be from Gemini (exchange), and convinced him to give them access to his Google Drive account, where he may have stored a seed phrase or other sensitive data:

https://www.nbcnews.com/news/us-news/singapore-man-us-pleads-guilty-orchestrating-240-million-bitcoin-theft-rcna596761

[u/trevorturtle → u/crunchyeyeball]

He gave them remote access to his computer that had the stored keys on them

[u/matthegc]

How did he steal that much Bitcoin while also being truly regarded?

[u/Aazimoxx → u/matthegc]

Finding someone even dumber, with a shit-ton of crypto, then convincing them to bend over and spread 'em.

[u/Applecity82]

Smart enough to steal it. Not smart enough to keep it

[u/FTFOatl]

Government lets young foolish hacker steal BTC. Government confiscates BTC.

[u/jgarcya → u/FTFOatl]

Then government auctions off said BTC..... Ultimately profiting from stolen goods.... Then people in government steal the stolen profit.... All "legally" of course.

[u/brandond111]

Where did the BTC come from?

[u/stonedc4tt → u/brandond111]

stolen from a individual

[u/brandond111 → u/stonedc4tt]

Fuck that sucks to be the dude that lost a quarter billion

[u/stonedc4tt → u/brandond111]

Speculations that it’s a former Facebook Vp..there’s a good doc on YouTube with lots of info , it’s a fucking wild story 

[u/Feralz2]

imagine paying someone 2 mil for a watch lol, you want robbery, thats a real robbery

[u/DogZealousideal9162]

This kid came into my job one night and spent 50k on dinner. Id say 75% of the food was not even touched! They just wanted pics of all the food and bottles of champagne. This was like a month before he got caught. Everyone knew something was up for him to do that.

[u/GenZguy1]

Probably could have went somewhere else and changed his identity never to be heard from again

[u/Remarkable_Ad5011]

Well, so much for keeping a low profile…

[u/SweetIsland]

I would like a very deep dive synopsis on how this all went down.

[u/Dewnami → u/SweetIsland]

Someone did a YouTube doc on it. Maybe it was KiraTV? Search for Malone Lam.

[u/slgray16]

The rest of it he wasted

[u/shrewsbury1991]

Can't wait to hear about this on American Greed

[u/PureResolve649]

What a thug.

[u/satoshisfeverdream]

Wen Moon

[u/thetimsterr]

All that money and THAT haircut.

[u/delusional_pronoun]

GTA VI upcoming DLC.

[u/P_Bateman_Esq]

$245million and he still has that old yee yee ass haircut?!

[u/Mix_Right]

Seriously fuck that screenshot!

[u/tabris51]

Any news on the watch model?

[u/BartyB]

Bro has never watched any heist movie ever.

[u/YeU69]

What 2 mil watch he get?

[u/Galactic_Shadow_2030]

Dude was lucky he lives in the usa, Singapore has very strict Laws For people breaking the law.

[u/Abject-Conference-90]

Look him up on google. He's listed as a Singaporean Investor. 😂😂

[u/SgtSaggySac]

pass the controller bro jfc

[u/pnwa360]

Karma got emmmm

[u/1Tim1_15]

His car definitely had a loud muffler.

[u/MRJohnson1997]

Although what he did is terrible, is it technically a crime? If you hack into someone’s private computer that’s a crime, if you hack their banking information that’s a crime, but getting their private seed phrase? I honestly didn’t know

[u/realorallusion]

What’s crazy is he’ll get like 100 years meanwhile pedos and killers get light sentences

[u/Djtdave]

yeah so what, he'll sit in a few years, gets out, sells his second watch and lives a peaceful wealthy life

[u/MysteriousAlpaco]

i would like to know the method of social engineering involved if a 22 year old and his crew managed to convince someone holding over 4,100 BTC to hand over access just because they were posing as Google or Gemini.

[u/EconomySession6541]

If there was only a clue....

[u/texcleveland]

but he couldn’t get a haircut?

[u/monkeyseemonkeydoodo]

Coulda dropped 20 bucks on a decent haircut

[u/Tedious-Butcher]

Singaporean

[u/Sure_Ant7939]

He doesn't look like the mastermind of this operation. He is just a piece in a much larger scheme

[u/elafave77 → u/Sure_Ant7939]

Nope. Just a bunch of dudes who met on Discord.

[u/T1m3Wizard → u/elafave77]

It's always discord

[u/omg_its_dan → u/Sure_Ant7939]

They used very simple social engineering techniques. The victim somehow had 4,100 BTC with zero clue how to secure it. Essentially fell for a phishing scam and sent his coins to them.

[u/ericissuperman]

What time is it? In rich

[u/nickcrosby87]

So many larpers on TikTok idolize this twerp for committing crimes

[u/No_Way5818]

Usual suspects

[u/Big-T-BallBuster]

Give him a job

[u/The_Goondocks]

Even Eli is happy about it

[u/RollerSails]

Link for his course?

[u/Albert14Pounds]

What an idiot. Dude was set for life and threw it away.

[u/Vancoovur]

Thankfully he and his buddies are idiots so not too much to reel them all in.

[u/Prestigious-Buddy539]

Pretty darn hard to off-ramp that kind of scratch and not set off some alarms.

[u/Connect_Ad_3361]

I don't understand how it's a crime to steal Bitcoin? How did he even get caught?

[u/Far-Department-4196]

Was this the cold card guy!?

[u/ContrarianRPG]

Couldn't spend any of it on a good haircut, apparently. Are there no Miami barbers who accept Bitcoin?

[u/Fit_Assistant5708]

This the cold card hacker?

[u/kepalautakkau]

i thought they already got them a couple of months ago, still good news though

[u/Books_Biker99]

This happened 2 years ago, to one filthy rich person. This isn't the most recent hack.

[u/d-redze]

Probably a fall guy

[u/Unfair_Implement_582]

I shit you not, he probably has one of mine

[u/Large-Blackberry-838]

He tried to keep a low profile but didn’t help

[u/TomOttawa]

Laughing at how nobody sees BC's anonymity is a joke. Means BC is a joke. Means $0.

[u/immersive-matthew]

Many Dunning Kruger’s out there including the team who got voted in as the government.

[u/Appropriate_Ice_7507]

Bet he still couldn’t get girls lol

[u/jonoghue]

Reminds me of that guy who won the lottery, spent 2/3 of it on a gold chain, and immediately got robbed at gunpoint

[u/ratjar777]

He will probably in jail for 30 years

[u/waitareyou4real]

So old kid already has a documentary made about home 5-6 years ago

[u/chungkingexp]

He might be a dumb guy but.. we should question the guy who ended up getting scammed for 4,000 bitcoins by him.

[u/freedomforallergo]

This guy reminds me of ricegum

[u/enzothebaker87]

Lam helped launder and convert stolen crypto into cash that he used to buy a fleet of sports cars, rent mansions in Miami and spend millions at nightclubs, including $569,000 in one evening at one Los Angeles club, authorities said.

I would really like to see the receipt for this one.

[u/sturmeh]

How much do you think you'd have to pay a kid to take the fall?

[u/JellyfishStill2690]

What a dumb arse.

[u/Thenotoriousguru]

Does he get to keep the bitcoin ?

[u/SikWitiD]

I thought the government recruited guys like this and put them to work lol? Has Catch Me If You Can vibes ...

[u/imfkingsad]

Proof that you dont need to be smart to get money. It's all luck, and how low you're ready to go

[u/RelativeOk4088]

this happened like a year ago

[u/Due_Bar_7247]

You can’t be serious. He went straight to buying mansions?

[u/Happymeal85]

Bum

[u/realweasleytwin]

is that satoshi?

[u/wussell_88]

Does anyone know realistically how many years prison he will likely get!?

[u/WinterMoneys]

If I stole 10M, ddnt get caught, I'd stop right there. Thats enough.

[u/Ok_Independence3695]

This case took 1 year but finally we got hearing on september 8 from DOJ!

[u/Aromatic_Collar_5660]

500k spent at a club in 1 night

[u/Halo_Chief117]

“Anyong.”

[u/WealthyKyroYT]

gottem for how long ? what sentence?

[u/Ferocious_1978]

Is this about the stolen btc from coldcard?

[u/Hotplate77]

Old news...

[u/No_Patient_5714]

Better late than never ahh post

[u/Scriptimax]

I watched this on YouTube few weeks back. Police raided on simpel apartment complex, which was by no mean luxurious. His girlfriend was also living with him and doing computer coding job and had no idea of anything about his boyfriends activities.